Northern 2 VCT PLC – Northern 2 VCT PLC : Notice of General Meeting

27th October 2011

28 OCTOBER 2011



Northern 2 VCT PLC (“the Company”) announces that a circular has today been posted to shareholders giving notice of a shareholder general meeting to be held on 23 November 2011 to consider a resolution to reduce the share premium account of the Company by £25 million.  Subject to shareholder approval of the resolution, the Company intends to apply to the High Court to seek its confirmation of the reduction in the share premium account, whereupon a corresponding amount will be credited to a distributable reserve which will, together with the Company’s existing distributable reserves, be available to be used by the Company inter alia to re-purchase Shares for cancellation (including those proposed to be re-purchased in the tender offer announced on 23 September 2011) and to pay dividends to shareholders.  The result of the proposal, if implemented, will be to effect a transfer between two categories of reserves in the Company’s balance sheet and there will be no impact on the assets and liabilities of the Company.

A copy of the circular has been submitted to the National Storage Mechanism and will shortly be available for inspection at and is also available on the NVM Private Equity website at



Alastair Conn/Christopher Mellor, NVM Private Equity Limited – 0191 244 6000

Neither the contents of the NVM Private Equity Limited website nor the contents of any website accessible from hyperlinks on the NVM Private Equity Limited website (or any other website) is incorporated into, or forms part of, this announcement.

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Northern 2 VCT PLC via Thomson Reuters ONE